Eastern Europe: Roller Bearing Market 2024

Roller Bearing Market Size in Eastern Europe

In 2022, after two years of growth, there was decline in the East European roller bearing market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Roller Bearing Production in Eastern Europe

In value terms, roller bearing production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Roller Bearing Exports

Exports in Eastern Europe

In 2022, the amount of roller bearings exported in Eastern Europe contracted to X tons, which is down by X% on 2021 figures. In general, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, roller bearing exports reduced to $X in 2022. Overall, exports recorded a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Slovakia (X tons) represented the key exporter of roller bearings, comprising X% of total exports. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%) and Romania (X%). Belarus (X tons) took a little share of total exports.

Exports from Slovakia increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%) and Poland (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) and Romania (X%) illustrated a downward trend over the same period. Slovakia (X p.p.), Poland (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Romania saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) remains the largest roller bearing supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Slovakia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports in Eastern Europe

Roller bearing imports reduced to X tons in 2022, dropping by X% on 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, roller bearing imports reduced to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) and Russia (X tons) represented the key importers of roller bearings in Eastern Europe, together accounting for near X% of total imports. The Czech Republic (X tons) took the next position in the ranking, followed by Romania (X tons), Slovakia (X tons) and Bulgaria (X tons). All these countries together took approx. X% share of total imports. Hungary (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), together accounting for X% of total imports. Romania, Hungary, Slovakia and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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